Cheap Homes for Rent in Homewood, AL from $700 (40 Rentals)

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Search the lowest-cost Homes available for rent right now in Homewood.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Homewood, AL Local Guide

Cheapest Available Homewood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Homewood, AL is a Studio unit found at The Park at Buckingham in the West End neighborhood priced from $648. Park On Valley in the Woodland Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here is today’s list of the most affordable Homewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Park at BuckinghamThe ElmStudio,1BA$648
Park On ValleyStudio Classic (pvs)Studio,1BA$695
Cliff PlaceStudio ApartmentStudio,1BA$721
The Pearl at Homewood1 Bedroom, 1 Bathroom1BR,1BA$723
Carlisle TerraceStudio Apartment, Type BStudio,1BA$737
University CrossingsModel A1BR,1BA$740
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$740
Terrace Apartments1 Bedroom 1 Bath - Ground Level1BR,1BA$770
Adona ApartmentsThe Elm/EvergreenStudio,1BA$775
The FrankStudio 1 Bath-IStudio,1BA$779

Best Value Apartments for Rent in Homewood, AL and Nearby

As of June 09, 2025 the best value apartment in the Homewood area is the $1.08 price per square foot B2.5R Model at The Jameson in the in the Southwest Birmingham neighborhood starting from $1,299. The second greatest value Homewood apartment is the 2 Bed / 2 Bath Model at Shadesmont Apartments starting at $1,050 with a $0.98 price per square foot in the Woodland Park neighborhood. Here is today’s list of the best values for Homewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The JamesonB2.5R2BR,2BA$1.08
Shadesmont Apartments2 Bed / 2 Bath2BR,2BA$0.98
Hickory Knoll2 Bedroom 1 Bathroom2BR,1BA$1.13
MarQ Vestavia2 Bedroom2BR,1BA$1.16
The View on 18th2BR / 1BA2BR,1BA$1.17
Park On Valley1x1 Previous Full Reno (pva1pf)1BR,1BA$1.16
Beacon Pointe ApartmentsWelcome to Beacon Pointe - 1 Bed | 1 Bath1BR,1BA$1.13
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$0.99
The Fitzgerald in Five Points5-9 1 BR / 1 BTH1BR,1BA$1.14
Parkview1 Bedroom / 1 Bathroom Apartment1BR,1BA$1.18

Quick Rent Budget Calculator

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Frequently Asked Questions about Homewood

What type of rentals are currently available in Homewood?

There are currently 460 Apartments for Rent in Homewood, AL with pricing that ranges from $648 to $8,166. There are also 143 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homewood ranging from $700 to $5,000.

What is the current price range for Rental Homes in Homewood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Homewood ranges from $700 to $5,000 with an average monthly rent of $2,320.

How much are larger Three and Four Bedroom Rentals in Homewood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Homewood range from $975 to $8,166, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $1,450.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.